The funeral for former insurance industry figure Grant Burley will be held in Sydney on Friday.

Mr Burley, who was an influential force in insurance and built Pacific Premium Funding, died on October 28 when the aircraft he was piloting crashed at Johns River, near Port Macquarie.

The funeral will be held at the Uniting Church, 10 Clanwilliam Street, Willoughby, at 1pm on Friday, followed by a private cremation.